Climate Alpha has launched Homes, a free tool pricing the impacts of climate change into the future value of more than 100 million American homes. Applying its proprietary Resilience Index that covers more than 30,000 U.S. ZIP codes, Homes forecasts financial gains or losses due to climate change between now and 2040. For the first time, homebuyers and sellers can see and compare the true price of ownership once climate is factored in.
Homes invites users to enter an address or ZIP code which calculates the projected median home value in that area for a given year. It then calculates the price impact due to climate change both in dollars and as a percentage of the home’s total value. Users can compare the resilience of a given area against its surrounding county, state or national price impact.
In addition to calculating a location’s changing exposure to climate risks such as flood, storms, drought, heat and fire, Homes also displays vulnerability scores related to poverty and infrastructure as well as readiness scores related to clean energy and public spending.
This unique combination of climate data and models with decades of market trends and socioeconomic variables, powered by Climate Alpha’s AI-trained analytics suite, creates a complete picture of where Americans will choose to move — and what homes they are most likely to buy.
Homes is free for homebuyers as part of Climate Alpha’s mission to steer people and investment toward more resilient regions. Climate Alpha is also partnering with brokers, advisors, and fintech platforms to enhance their offerings with its Resilience Index data.
